Pakistan’s bullion market recorded another painful session on Friday, as silver prices fell for the third consecutive day across all categories, pushing domestic prices to their lowest level in several weeks as global precious metals markets continued to face sustained selling pressure heading into the weekend.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat silver per tola decreased by Rs. 67, settling at Rs. 7,730.
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Similarly, the rate of 24-karat silver per 10 grams also fell by Rs. 61, closing at Rs. 6,623, as selling activity continued to dominate the domestic market heading into the weekend.
Silver rates in Pakistan on Friday, June 5, 2026:
- Silver, 24K per tola: Rs. 7,730 (-67)
- Silver, 24K per 10 grams: Rs. 6,623 (-61)
In the international market, silver prices also recorded a further decline, falling by $0.669 to settle at $72.520 per ounce as global precious metals markets continued to struggle heading into the weekend.
The continued weakness in global silver markets was reflected in domestic prices, as traders and investors remained cautious with no significant fresh buying interest emerging to arrest the downward trend.
With selling pressure persisting for a third consecutive session, silver prices slipped further across all categories throughout the day.
A Difficult Week for Silver
Friday’s decline extends a painful week for silver prices in Pakistan. Thursday, June 4, had seen silver slip by Rs. 97 per tola to settle at Rs. 7,797, extending the losing streak to two consecutive sessions at that point. Prior to Thursday’s decline, Wednesday, June 3, had been the most damaging session of the week, when silver prices had plunged by a steep Rs. 259 per tola to settle at Rs. 7,894, breaking below the key Rs. 8,000 mark for the first time in several sessions.
READ: Silver slips further in Pakistan as bullion market struggles to recover from recent losses
Before the current losing streak began, silver had recorded two consecutive positive sessions. On Tuesday, June 2, prices had gained Rs. 94 per tola to settle at Rs. 8,153, while Monday, June 1, had also seen a modest gain of Rs. 46 per tola to settle at Rs. 8,059.
The combined losses over the past three sessions now stand at Rs. 423 per tola, representing a significant and swift reversal from the highs recorded earlier in the week. Friday’s decline pushes domestic silver prices to their lowest level in several weeks, reflecting the broad-based weakness currently gripping the precious metals market.
Below All-Time High Levels
Friday’s decline pushes silver prices further below their all-time highs in Pakistan. The metal had previously traded above Rs. 10,000 per tola in early 2026, when international silver prices climbed above $100 per ounce, reflecting strong global demand and bullish investor sentiment at the time.
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The current price of Rs. 7,730 per tola remains significantly below that peak. With international silver now trading at $72.520 per ounce and showing continued weakness, market analysts will be watching closely whether this represents a temporary period of correction or signals a more sustained period of downward pressure.
Silver, widely used in industrial sectors including electronics and solar panel manufacturing, remains highly sensitive to shifts in international demand and investor outlook. The metal continues to benefit from growing industrial demand and a global shift toward renewable energy, which has significantly increased the use of silver in solar panel production.
Market watchers will be closely monitoring whether silver can stage a recovery and reclaim the key Rs. 8,000 mark in the coming sessions or faces further downward pressure heading into the new trading week.
All rates are officially certified by the All Pakistan Sarafa Gems and Jewellers Association, based on interbank exchange rates for 999 purity (24K).
For daily updates visit our detailed Silver Price in Karachi page
